Fact sheet: JI High Yield Corporate Bonds CL

Fund information
Fund name
JI High Yield Corporate Bonds CL
Fund manager company
Jyske Invest International
Fund type
No data available.
Fund managers
  • Henrik Lysdahlsince 01/01/2006
  • Michael Holtesince 01/01/2006
Fund objective
The funds assets are chiefly invested directly and indirectly in a global portfolio of high-yield corporate bonds, i.e. bonds issued by companies. In principle, investments in currencies other than EUR will be hedged to EUR.
Benchmark
No data available.
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
6.2%
1 Year rank in sector
5/29
Sector
FO Fixed Int - EUR High Yield
Yield
-
Fund size
£61m (£68m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
76
Top in this sector
Fund name1 Year
Aberdeen Gbl SelEurHiYdBd28.4%
Pioneer SICV-Eur Hi Yd26.1%
Deutsche Inv I EurHiYdCorp7.9%
Nordea 1 Europ HgYdBd II7%
Schroder ISF EURO Hi Yd6.3%
...more in FO Fixed Int - EUR High Yield

Performance snapshot

Holdings snapshot

  • Europe58.2%
    North America36.6%
    Asia3.4%
    Latin America1.8%
  • Consumer Discretionary25.4%
    Financials23.1%
    Materials10.3%
    Energy8.7%
    Health Care8.3%
  • European Fixed Interest58.2%
    North American Fixed Interest36.6%
    Asia Pacific Fixed Interest3.4%
    American Emerging Fixed Interest1.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.8%-1.7%3.7%6.2%14.5%45.7%
Sector-0.9%-0.7%3.1%4.7%11.3%49.1%
Rank within sector27 / 2828 / 295 / 295 / 298 / 2514 / 20
Quartile4th4th1st1st2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund7.2%0.5%5.5%6.8%17.9%
Sector6.1%0.8%3.2%8.3%22.4%
Rank within sector5 / 2916 / 293 / 2518 / 2418 / 21
Quartile1st3rd1st3rd4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
0.89
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.1
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.39
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
5.1
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
2.34
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.54
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.79
Price movement
52 week high193.56
52 week low167.1
Current bid price-
Current offer price-
Current mid price188.32
Region
1Europe58.2%
2North America36.6%
3Asia3.38%
4Latin America1.81%
Industry sector
1Consumer Discretionary25.4%
2Financials23.11%
3Materials10.32%
4Energy8.7%
5Health Care8.31%
6Telecommunications7.13%
7Utilities6.73%
8Industrials5.44%
9Information Technology4.86%
Asset type
1European Fixed Interest58.2%
2North American Fixed Interest36.6%
3Asia Pacific Fixed Interest3.38%
4American Emerging Fixed Interest1.81%
Individual holdings
1LINCOLN FINANCE LTD 6.875% BDS 15/04/21 EUR100001.82%
2LIBERTY MEDIA CORP 8.25% SNR DEB 1/2/2030 USD10001.76%
3TOPAZ MARINE SA 8.625% NTS 01/11/18 USD/10001.74%
4ENEL SPA 8.75% BDS 24/09/73 USD10001.61%
5AAREAL BANK AG FRN 29/11/49 EUR2000001.58%
6ORIGIN ENERGY FINANCE LTD 4% BDS 16/09/74 EUR1000001.57%
7DUFRY FINANCE SCA 4.5% NTS 01/08/23 EUR100000 REG S1.55%
8PETROLEOS MEXICANOS 5.125% BDS 15/03/23 EUR1000001.5%
9WORLDPAY FINANCE PLC 0% BDS 10/11/22 EUR1000001.5%
Management
Fund manager group
Jyske Invest International
Fund manager company
Jyske Invest International
Fund type
No data available.
Fund objective
The funds assets are chiefly invested directly and indirectly in a global portfolio of high-yield corporate bonds, i.e. bonds issued by companies. In principle, investments in currencies other than EUR will be hedged to EUR.
Benchmark
No data available.
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Henrik Lysdahl01/01/2006Henrik Lysdahl holds a Graduate Diploma in Business Administration (Finance) form Aarhus School of Business. He started in Jyske Bank/Jyske Markets in 1997 where he traded and advised clients about European Mortgage and Government Bonds. Since May 2006 he has worked as a High Yield Portfolio Manager in Jyske Markets.
Michael Holte01/01/2006Michael Holte has worked with Jyske Bank since he got his Graduate Diploma in 2000. Until 2001 he was analyzing corporate Bonds. He is now employed as Senior Portfolio Manager and participates in the CFA Program
Compliance
Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Germany, Denmark, Spain, France, United Kingdom, Gibraltar, Luxembourg, Netherlands, Norway, Offshore, Sweden
JI High Yield Corporate Bonds CL
Initial charge2%
Annual charge0.95%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price188.32
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZY04
Data provided by

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